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Restaurant

Starbucks (Madison MSA)

4825 W North St, DeForest, WI 53532

Listing Price: $2,025,000

Cap Rate
5.00%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
10.1
Gross SF
2,055
Guarantor
Corporate Guarantee
Rentable SF
2,055
Price/Gross SF
$985.40
Lease Type
Double Net
Rent Per Square Feet
$49.26

Investment Overview

The subject property consists of a 2,055 square foot freestanding Starbucks with drive thru. Scheduled to commence in April of 2023, the 10-year NN lease contains fixed rental increases every five years and four five-year renewal options. Neighboring retailers include Culver’s, McDonald’s, Taco Bell, a newly constructed Kwik Trip, and several others. Supportive single-family homes are located primarily to the South and East. This Starbucks is located just off of I-90, the longest Interstate Highway in the United States, in the village of Deforest. DeForest lies in Dane County, Wisconsin, along the Yahara River, and is the fastest growing area within the Madison Metropolitan Statistical Area. *No early termination clause

Investment Highlights

  • New Construction w/ new 10 year NN Lease
  • Madison, WI MSA
  • BBB+ credit rated Tenant (S&P)

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Restaurant

Starbucks (Madison MSA)

Listing Price: $2,025,000

Cap Rate
5.00%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
10.1
Gross SF
2,055
Guarantor
Corporate Guarantee
Rentable SF
2,055
Price/Gross SF
$985.40
Lease Type
Double Net
Rent Per Square Feet
$49.26

Investment Highlights

  • New Construction w/ new 10 year NN Lease
  • Madison, WI MSA
  • BBB+ credit rated Tenant (S&P)

Investment Overview

The subject property consists of a 2,055 square foot freestanding Starbucks with drive thru. Scheduled to commence in April of 2023, the 10-year NN lease contains fixed rental increases every five years and four five-year renewal options. Neighboring retailers include Culver’s, McDonald’s, Taco Bell, a newly constructed Kwik Trip, and several others. Supportive single-family homes are located primarily to the South and East. This Starbucks is located just off of I-90, the longest Interstate Highway in the United States, in the village of Deforest. DeForest lies in Dane County, Wisconsin, along the Yahara River, and is the fastest growing area within the Madison Metropolitan Statistical Area. *No early termination clause

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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